U.S.: Prepared Mustard Market 2024

Prepared Mustard Market Size in the U.S.

For the fourth consecutive year, the U.S. prepared mustard market recorded decline in sales value, which decreased by -2.8% to $X in 2021. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Prepared mustard consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Prepared Mustard Production in the U.S.

In value terms, prepared mustard production reduced slightly to $X in 2021. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 17%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Prepared Mustard Exports

Exports from the U.S.

In 2021, the amount of prepared mustard exported from the United States skyrocketed to X tons, jumping by 18% against 2020. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared mustard exports surged to $X in 2021. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for prepared mustard exports from the United States, accounting for a 31% share of total exports. Moreover, prepared mustard exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+11.1% per year) and South Korea (+2.5% per year).

In value terms, Canada ($X) remains the key foreign market for prepared mustard exports from the United States, comprising 31% of total exports. The second position in the ranking was taken by Mexico ($X), with a 13% share of total exports. It was followed by the UK, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.4% per year) and the UK (+0.3% per year).

Export Prices by Country

The average prepared mustard export price stood at $X per ton in 2021, remaining constant against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 4.2%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Mustard Imports

Imports into the U.S.

Prepared mustard imports into the United States rose notably to X tons in 2021, growing by 11% compared with the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, prepared mustard imports soared to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), France (X tons) and the UK (X tons) were the main suppliers of prepared mustard imports to the United States, with a combined 91% share of total imports. Germany and India lagged somewhat behind, together comprising a further 5.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +63.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard suppliers to the United States were Canada ($X), France ($X) and the UK ($X), together accounting for 89% of total imports. These countries were followed by Germany and India, which together accounted for a further 5.7%.

Among the main suppliers, India, with a CAGR of +61.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared mustard import price stood at $X per ton in 2021, surging by 11% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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